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| Continental Q1 operating earnings fall 9% on currency effects BERLIN -- German supplier Continental AG said adjusted earnings before interest and tax (EBIT) in the first quarter declined 9 percent to 1.06 billion euros ($1.28 billion) from 1.16 billion a year earlier as currency headwinds dented profit. Revenue grew 0.1 percent to 11.10 billion euros ($13.29 billion).
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| PBoC Digital Currency Director Says Blockchains Need Centralization China's digital currency director said that excessive decentralization is a fatal flaw that spells doom for Bitcoin, Ethereum, and many other public blockchains. Writing in an op-ed published by Chinese-language business news outlet Yicai, Yao Qian — who leads the People's Bank of China (PBoC) digital ...
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| Dollar at three-and-a-half-month high on elevated yields, euro soft after ECB 12. It last stood at $1.2112, and is down 1.4 percent on the week. The common currency slid on Thursday after ECB chief Mario Draghi acknowledged evidence of a "pull-back" from exceptional growth readings seen around the turn of the year, although the central bank sought to bolster expectations for ...
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